S 2664
Skilled Workforce Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Skilled Workforce Act creates a new tax credit for investments in qualifying workforce training projects at eligible institutions. These projects must focus on in-demand industries like advanced manufacturing, energy, construction, and transportation. The credit is 30% of the qualified investment, but eligibility is limited to certain types of educational institutions and entities not involved in defense. The bill also establishes a program to certify these projects and allocate funding, with a maximum of $500 million.
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